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Majority of economists surveyed by Bloomberg expect taper in September

FXstreet.com (Barcelona) - According to Bloomberg polling, the majority of 54 economists surveyed by Bloomberg (44%) agree that September will be the month when the Federal Reserve starts to reduce the amount of bond purchases from current levels down to $65bn. Another 15% expect tapering to start in October, while 28% expect that to happen in December. The remaining 13% does not see the Fed tapering until next year.

AUD/USD posts lowest close since Sept 2010

The AUD/USD suffered another day of steep losses, closing down 145 pips to finish at 0.9194.
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Flash: Buying AUD/USD still not advisable - TDS

At this rate of depreciation, a quick retreat to 0.90 in AUD/USD — the level we suspect the RBA is implicitly targeting—is not implausible, comments Alvin Pontoh, FX Strategist at TDS.
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